2013 Exhibitions
PolyOne to expand portfolio with acquisition
US compounder PolyOne, which reported higher revenue for the third quarter of 2012, compared to last year, is paying US$343 million to acquire US film/sheet manufacturer Spartech Corp.
The attraction of the buy is Spartech’s leading North American market positions in sheet, rigid barrier packaging and speciality cast acrylic technologies and focused areas of growth in aerospace, security, packaging and healthcare, said PolyOne.
It also said that there is significant opportunity to expand its profitability by leveraging its four-pillar strategy, with opportunity for global expansion; aligning capacity; shifting away from volume towards value and cross selling to enhance market penetration.
(PRA)
